Pure PM Chat: Episode 01 - Changes to fixed term & periodic term tenancies. - purerealestategroup

Pure PM Chat: Episode 01 – Changes to fixed term & periodic term tenancies.

Welcome to episode 1 of our property management series. In this episode, Russell and Alisha will be discussing the changes in property management over the past year, with a specific focus on changes in legislation regarding notice required before a tenant must vacate a property.

As of October 2022, tenants must be given two months notice before they can vacate a property. This is a significant change from the previous requirement of four weeks notice. This change in legislation is aimed at providing tenants with more notice and time to find a new place to live. It also allows landlords to plan for the turnover of tenants and to prepare the property for the next tenant.

Another change in legislation is that if a tenant is given notice to vacate due to a sale, the property cannot be re-rented for the next six months. This is to ensure that the property is only occupied by the new owner and not rented out during that time. This is a positive change as it gives the new owner time to make any necessary repairs or renovations before renting the property out again.

Tenants can also be asked to vacate for major renovations or if the owner or a family member wishes to move in. This is a provision in the legislation that allows landlords to make necessary changes to their property, whether it’s to renovate or to move in themselves. However, the landlord must still provide the tenant with the proper notice, as outlined in the legislation.

In conclusion, the changes in legislation regarding notice required before a tenant must vacate a property are aimed at providing tenants with more notice and time to find a new place to live, while also allowing landlords to plan for the turnover of tenants and to prepare the property for the next tenant. At Pure Real Estate, we strive to stay up-to-date on all changes in legislation to ensure that we are providing the best property management services for our tenants and clients.

 

The information provided above is intended to be accurate and helpful. However, it is important to note that while we strive to ensure the accuracy of the information provided, we cannot guarantee that it is completely accurate or up-to-date. The information provided is based on our knowledge and understanding of the topic at the time of writing and may be subject to change. It is the responsibility of the reader to verify any information before making any decisions or taking any action.